YourShare Blog

A New Service That Refunds You Your Fees

In a recent article published on www.FutureNestEgg.com the YourShare Cash Back service receieved real praise. It is really gratifying when people in the finance industry and with an appreciation for the web of fees and commissions on financial products really get behind the YourShare Yearly Cash Back service.

"Most of us have investments in managed funds (super and non-super funds). Like with every financial product, managed funds have fees and commissions. There is a new service in Australia which pays you back a significant portion of the fees you pay to the fund manager. Trust me on this one - it is a true and a legitimate service......."

"Imagine though a broker who is your broker only for the purposes of refunding you the money and does not offer any financial advice. That would be nice, wouldn’t it. This imagination has now become a reality. A company called ‘YourShare’ does exactly that"

To read the complete article please go to: http://futurenestegg.com/trailing-commission-rebate/

www.EnoughWealth.com

The innovative YourShare Yearly Cash Back service is continuing to receive attention from those in the financial industry and related services. The most recent is on the www.EnoughWealth.com blog w.

.......YourShare appears to be a small business with great potential, given the amount of money most investors are paying in trailing fees without getting any benefit from the advisors or brokers who put them into the investment. One of the nice features of YourShare compared to other similar services is that there is no upfront fee required to sign-up, so you have nothing to lose by trying out the service........

The www.EnoughWealth.com blogs focus is on "How much wealth is enough? How do you get it and keep it? How can you pass it on to future generations? An Aussies thoughts on all these topics and more..."

To read the full article - please see http://enoughwealth.com/

Letter of the Month

Money Magazine - Letter of the month - May 2008
After reading your special report on managed funds, i wrote off to the YourShare website and have applied for the rebate on trailing commissions. Then i sent another fax off to my broker after ringing them and learning i was paying a special adviser fee every quarter totalling over $400 a year.

You saved me $1100 today and more than that every year for the life of my fund and any future funds, let alone the compound value of those fees being reinvested. I thought i was reasonably money savvy and we are always on the lookout to make our money come back to us, but this was one i did not see. So thankyou Money. You have paid your way yet again. Judy, Vic

Happy New Year

Happy new years to you all.

This post is to thank you for working with YourShare during 2007 and to thank those who have nominated YourShare as their broker across their existing managed funds, superannuation, pensions, annuities, master trusts, wrap accounts, margin loans and insurance policies.

Each year YourShare donates $5.00 from revenue for each client using the Yearly Cash Rebate service – 2007's charity was the Australian Cancer Research Foundation (ACRF). The YourShare 2007 donation was made at the beginning of December. And for those who nominated YourShare as their broker we were able to make the 2007 donation just that little bit more. So thank you on behalf of the ACRF and YourShare for your nomination. We hope that every donation we can make, will better the lives of those people and their families affected by cancer.

We look forward to helping you make the most from your investments in 2008.

Read what Money Magazine said about YourShare

Claw back those commissions - You can have part of the commissions paid to you rather than the financial planner you never see anymore - September 2007

Here’s a clever way to get back some money you didn’t expect. “It’s basically money for jam,” explains Paul Brady, an accountant who stumbled upon the idea of reclaiming hidden commissions paid from his investments, superannuation and insurance, when his wife discovered she was paying a high sales commission on her super contributions to someone she had never met. “It’s outrageous that for the life of an investment, some anonymous agent can receive continuous commissions from your funds and in most cases do nothing for you,” says Brady. It’s common practice. The financial services industry distributes its products by paying people ongoing commissions for selling their products. Many Australians pay sales commissions for years after they buy the product and are often unaware it’s happening. Paul and Juliet Brady, both accountants, launched YourShare in May to help get back your commissions. To qualify, you need to own a managed fund, retail super fund, master trust, pension, wrap or insurance policy bought from a planner or an online broker, or directly from a fund manager or discount fund supermarket. You may be paying a hefty upfront commission of 4% or a trail commission of 0.5% yearly (the range is 0.25% to 1.1%). Some insurance policies pay ongoing commissions of 5% to 30%, says Brady. One example: Janice, has $80,000 in the BT super fund. She was adding $791 a month to her super. When she joined YourShare, the 4% upfront commissions went to nil and Janice saved $31.65 each month that she also put to her super. Over 25 years, counting investment returns, this will add up to $27,765. The trail commission rebate received by Janice will be $34,061. She will save a total of $61,826. Brady says the service is simple – you fill in a one-page form found on www.yourshare.com. “You don’t have to change your investments, or even touch them,” he says. “All you do is nominate YourShare as your broker and we arrange to receive your hidden commissions on your behalf. Then every year you receive a cheque for your share of the commissions we collect.” The upfront commission is all yours and YourShare’s fee is 50% of the trail commission if the total is under $4000, or 30% if it is over $4000.

Trim Commissions

YourShare have been mentioned in The Age under an article by Annette Sampson titled Trim Commissions.

It seems many people out there who either do their own investing or are dissatisfied with the level of service they receive are turning to YourShare to;

• pay nil entry fee's on new investments and the regular contributions to their existing investments, &
• receive their fair share of the Trailing fees and commissions their existing investments are already generating, through the YourShare Yearly Cash Rebate service

Below is an extract from the article.

"Your Share takes rebates a bit further. It gives a 50 or 70 per cent rebate of all trail commissions it receives on managed funds, wraps accounts and master trusts, insurance policies and margin loans. The 50 per cent rebate applies on the first $4000 of any trail received and 70 per cent on any amount above this. Your Share's founder, accountant Paul Brady, says the company will rebate trails from any fund manager and sends out a cheque each year on the anniversary of your membership. He says he and his wife, Juliet, formed the company after she realised she was paying commissions each year on an old super policy to an adviser that she had never heard of. The service is targeted at investors who make their own decisions or no longer use the adviser who originally placed them into a product.

Can I use these services for existing investments? Yes. You simply need to fill out a form nominating the discounter as your broker and the fund will redirect trail commissions to them. If you buy new investments through the discounter, they should automatically be registered. The transfer doesn't affect your ownership of the funds."

See the full article at http://www.theage.com.au/news/investment/trim-commissions/2007/09/25/1190486279446.html

Less YourShare Posts

Due to an extremely busy period in the YourShare business there will not be any new posts for a few weeks. Rest assured once we get through this period we will be back with interesting items and postings related to investment and broking, thanks for your understanding.

If you have any queries or concerns please call YourShare on 1300 554 774.